All the U.S. economy has ever needed to be vibrant is for the government to get out of the way. Government’s job is not to regulate business to death. Rather, government’s job is see that a natural, organic business environment exists, without government interference, so that free-market capitalism will allow the private sector to grow. This doesn’t mean there should be no regulation of business activity, but I don’t think anyone can make the argument that there aren’t enough regulations already on the books. In fact, regulations are what stifle a lot of business activity.
Intel CEO, Paul Otellini, has said, “Take factories. ‘I can tell you definitively that it costs $1 billion more per factory for me to build, equip, and operate a semiconductor manufacturing facility in the United States.'” He went on to say that ninety percent of that additional cost of a $4 billion factory is not labor but the cost to comply with taxes and regulations that other nations don’t impose.
Ronald Reagan once said, “If you give people enough freedom and opportunity , ordinary people will achieve extraordinary things.”
The business world obviously knows that Donald Trump understands this, and they are behaving accordingly.
(As reported by Breitbart News)
The number of companies announcing investment — and in many cases a return to investment — in the U.S.A. with a corresponding rush to create jobs for Americans has continued to grow even before President-elect Donald Trump takes office.
In the weeks after his election on November 8, a series of large corporations announced major initiatives to expand in the U.S. but, since then, the number has only grown.
By the middle of December, several companies had announced new jobs and expansion plans for the U.S., including Carrier Air Conditioner Manufacturing (1,000 Jobs), SoftBank Telecommunications (50,000 Jobs), U.S. Steel (10,000 Jobs), and IBM (25,000 Jobs). In addition, representatives of America’s small businesses noted that Trump’s election filled them with hope for a resurgence in startups and a new expansion phase for their constituents.
But since December, the number of companies announcing expansion plans for the U.S. have only grown. Other companies announcing large expansion projects include the following:
Ford: 700 Jobs to Start
As January began, Ford Motor Company went public to tell Donald Trump that they are ready to deal with the new administration and also noted that at least 700 new jobs were on the table with more to come as the year rolls onward.
SAP SE: 400 Jobs
German business-software maker SAP SE is adding nearly 400 jobs to its Pittsburgh and suburban Philadelphia facilities, according to The Philadelphia Inquirer.
Amazon.com: 100,000 Jobs
Amazon is eyeing a huge expansion starting this year and recently announced it intended to add up to 100,000 workers to its retail staff in new facilities across the nation.
Many of these jobs will be in brand new fulfillment centers the online giant plans to begin building this year.
Lockheed Martin: 1,800 Jobs
Aeronautics leader Lockheed Martin told President-elect Trump that it intends to hire over 1,800 new workers in the coming months.
Indeed, Lockheed feels that its expansion will bring even more jobs indirectly. CEO Marillyn Hewson said of the new jobs, “when you think about the supply chain across 45 states in the U.S., it’s going to be thousands and thousands of jobs.”
GM: 1,500 Jobs and $1 Billion Investment
General Motors said this month that it is looking to re-invest in factories in the U.S.A. and will add some 1,500 or more jobs to its roster of workers. The plans will include a one-billion-dollar plan to build new manufacturing lines in the U.S.
Bayer AG: $8 Billion Investment
The Trump transition team is touting a commitment by German-based Bayer AG pharmaceutical company to invest an additional $8 billion in the U.S.A. in research and development in cooperation with Monsanto AG.
The announcement came on the heels of a “very productive meeting” between the Trump team and Bayer CEO Werner Baumann and Monsanto chief Hugh Grant.
Walmart: 10,000 Retail Jobs, 24,000 Construction Jobs
Retail giant Walmart is eyeing an expansion plan to build new stores that will eventually amount to some 10,000 new jobs in outlets across the country. But it will also mean up to 24,000 jobs for construction workers needed to build the new stores.
Walmart intends to build at least 59 new stores in fiscal year 2017, according to a statement by the company.
LKQ: 150 Jobs and New HQ in Tennessee
Publicly traded automotive company LKQ Corp is establishing a new headquarters in the Nashville, Tennessee, area. It is a sign that the company feels that the automotive industry in the U.S. is on track to grow in the age of Trump.
There are others, of course, and more are sure to follow as Donald J. Trump takes the oath of office to become our 45th President on January 20.